Technological innovations and technology achievement

Abstract

The research paper is devoted to the analysis of technology achievement. The application of technological innovations by manufacturing and trade enterprises allows predicting technology achievement level measured by index TAI. Paper is aiming to propose the framework helpful for TAI’s estimation. First, in the paper the territorial differences of the application of technological innovations are overviewed. Herein, technology achievement index for each country is introduced. Second, the framework used to predict TAI for European Economic Area (EEA) is presented. Multiple correlation method is used for the prediction. At the end of the study, the application of proposed framework is given. The findings of this research paper could be useful for policy makers and researchers.